Charles Schwab Active Trader Pulse Survey

Intro

Charles Schwab surveyed active traders in August 2020 to get a pulse on their thoughts on the U.S. equities market during the COVID-19 crisis.

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Survey datapoints

  • How traders describe their outlook for the U.S. equities market for the next 3 months:

    Traders have grown slightly more bullish on the equities market over the summer.

    In April 2020, only 26% of traders were bullish on the markets looking ahead three months. Now, more traders are bullish or neutral than bearish about the coming three months.

  • Will volatility increase in Q4 2020 compared to Q2-Q3 2020? Traders believe yes:

    Despite record volatility in the first half of 2020, traders actually believe volatility will increase in Q4 2020.

Survey datapoints

  • Traders expect the following sectors will experience the most volatility for the rest of 2020:

    With increased volatility expected, traders believe four sectors in particular will be impacted during the rest of 2020.

  • Active Traders plan to trade about the same amount in the next 6 months:

    Even with the recent uncertainty, traders continue to indicate they are staying in the market, in contrast to previous economic downturns.

Survey datapoints

  • Traders were mixed on how much the coronavirus pandemic influenced their trading activity in Q1-Q2:

    Reflecting back on Q1 and Q2, traders were mixed on how the coronavirus pandemic influenced their trading frequency.

  • Traders see a disconnect between the broader economy and the stock market:

    Almost two-thirds of traders believe there is a disconnect between the market and the economy. Of those seeing the disconnect, most of them are concerned about it.

Survey Details:

Survey Details:

Logica Research surveyed 500 Active Traders using a third-party online panel. Participants were screened to ensure they live in the U.S., were between the ages of 18-75 and made 36 or more equity trades per year. The dates of interviewing were from August 11 – 17, 2020.

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